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Ethereum Price Forecast: BitMine makes largest purchase since December, Lee predicts a bottom this week
"As the adage goes, nobody 'rings the bell at the bottom' and therefore BitMine's strategy is to now slightly increase its pace of ETH accumulation," said BitMine Chairman Thomas Lee in a statement on Monday. The firm now holds 4.53 million ETH, bringing it about 75% closer to its initial goal of acquiring 5% of Ethereum's circulating supply. BitMine also increased its cash balance to $1.2 billion last week, giving it more fuel to continue accumulating ETH. ETH, along with the broader crypto market, is in the late stage of a 'mini-crypto winter' and could bottom in the next few days, according to Lee. Citing the ... (full story)
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